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Nov 30, 2012
11/12
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the fiscal cliff, no game. the a-team tells us whether the president will listen or whether he will get ready to die lou: you can add environmentalists to the growing list of susan rice as potential nomination to the secretary of state. that is what she needed, little bit more opposition. she holds about a half million dollars in shares. the company seeking state department approval of a keystone xl pipeline. a third of her personal wealth coming out as high as 44 million is invested in canadian energy interests. she was born in canada and we don't know if there was a relationship. there is a reason critics report to the ex-im bank in the 2012 the school year, another 15 billion in taxpayer loan guarantees issued with the subsidized sales of a single company. boeing benefiting over that period. the ceo, he enjoys a very solid relationship with the administration. in fact, he chairs the export council. and a special nod tonight to a new york city police officer. being praised for an act of kindness caught on cam
the fiscal cliff, no game. the a-team tells us whether the president will listen or whether he will get ready to die lou: you can add environmentalists to the growing list of susan rice as potential nomination to the secretary of state. that is what she needed, little bit more opposition. she holds about a half million dollars in shares. the company seeking state department approval of a keystone xl pipeline. a third of her personal wealth coming out as high as 44 million is invested in...
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now, with what we have seen, with the fiscal cliff, it is virtually impossible. i think that senator demint can do more running the heritage foundation the way she would like to rather than sitting in the senate. dagen: does this also speak to him resigning from the senate, the power of the tea party, perhaps? >> i do not know it is the waning power of the tea party. i spoke with senator demint out and he feels that we have to do a better job with that. i believe that he thinks he can take the heritage network, and they do have operations around the country, at the state level, find out what works at the state and local level. there are models, social policy, education, welfare that have had some success out in the country that reflects conservative ideas. match that with the researchers in washington that to the policy work for heritage. connell: i think a lot of people will hear or read about this today and think about the conversation we have been having about the future of the republican party. does the tea party still have, you know, lindsey graham just put
now, with what we have seen, with the fiscal cliff, it is virtually impossible. i think that senator demint can do more running the heritage foundation the way she would like to rather than sitting in the senate. dagen: does this also speak to him resigning from the senate, the power of the tea party, perhaps? >> i do not know it is the waning power of the tea party. i spoke with senator demint out and he feels that we have to do a better job with that. i believe that he thinks he can...
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Nov 29, 2012
11/12
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congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st of the year. >> kicking the can, you look at markets today. you have global markets up. stock futures are up. the stock market was up yesterday because this whole idea of optimism from john boehner and the president that this could get done by the end of the year is something the world wants to see. you look at our polling. our polling shows, and the most recent poll from abc news/"washington post," 60% of people support raising tacks on incomes over $250,000 per year. isn't the argument of kicking the can down the road losing so
congress designed the fiscal cliff. i think probably senator thune from south dakota is making the most sense last night saying maybe we should kick the can down the road for six months instead of trying to rush it i'm not a fan of kicking the can down the road, that's what congress does. in this case, you have everyone scrambling, trying to examine the ramifications of the election. you have new people coming in. some of the people voting were thrown out of congress. why not wait until the 1st...
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Dec 6, 2012
12/12
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who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we take a dive off that cliff? even though president obama and john boehner chatted on the phone, there's still no deal. republicans are not amused. >> incredibly, many top democrats, including the president, seem perfectly happy. perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two side also come up with a deal. they've moved on already to plan b. the retired teacher in utah has put off plans to get a new car. brian chandler,
who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we...
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Nov 29, 2012
11/12
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so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings. important, nonetheless, because these are face-to-face meetings with principle players, timothy guide next the treasury secretary, tapped by the president to be the point person to spearhead the negotiations with congress over these fiscal cliff negotiations. we had had a brief shot of him arriving this morning as he was coming into the capitol. he's being joined by rob neighbors, the white house liaison to congress. he's a man that has long standing relationships with folks on capitol hill. series of meetings, all individual meetings, senator reid, told by my colleagu
so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings....
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Dec 5, 2012
12/12
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cliff, just 27 days away. people already having trouble finding a job are receiving a letter of warning about something to happen to them if congress can't make a deal. and abc's jonathan karl has that. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay our bills. >> reporter: she's been without a job for a year. her $450 a week unemployment check, her lifeline. >> we won't be able to pay some of our bills and, i mean, you know, that's for christmas and things of that nature, probably off the table. >> reporter: she's not alone. without a deal, unemployment compensation will end for more than 2 million people who've been out of work for more than 26 weeks. many of the unemployed started receiving the news this week from pre-recorded phone calls, like this one in washington state. >> emergency unemployment compensation shuts off at the end of de
cliff, just 27 days away. people already having trouble finding a job are receiving a letter of warning about something to happen to them if congress can't make a deal. and abc's jonathan karl has that. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay our bills. >> reporter: she's been without a job for a...
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Dec 5, 2012
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. >> jennifer: karl, is the fiscal cliff a republican party? it's a problem for us, but the political side, isn't it really a problem for them? >> it's a huge problem not just in the immediate where we are right now sense of the word. i'm surprised when they showed them to blame i guess in the halls of congress the republicans said yes we're ahead in the poll. this boiled down to their fading power with their fading demographics in the country and the demographics that look poorly on them. acting as spoiled children that hold this country ransom does not help them with any of the demographics that reelected this house, increased the number of democrats in the house or the senate. >> the tea party might say we won one and we lost one. we won 2010. we lost 2012 because we were too moderate. we had a meally mouth nominee-- >> i believethey're in a position-- >> if they act like real conservatives, real nut jobs, then we're proven right. they're blinded by their own ideology. >> i'm not surprised that a party who does not believe in evolution has o
. >> jennifer: karl, is the fiscal cliff a republican party? it's a problem for us, but the political side, isn't it really a problem for them? >> it's a huge problem not just in the immediate where we are right now sense of the word. i'm surprised when they showed them to blame i guess in the halls of congress the republicans said yes we're ahead in the poll. this boiled down to their fading power with their fading demographics in the country and the demographics that look poorly...
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Dec 6, 2012
12/12
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we do not want to go off the fiscal cliff. that's why we quickly responded to another proposal to the president. but the president refused to have a discussion. >> there's other reports that say republicans are looking for a fallback position, if he can't get the capps on deductions for more tax revenues and so forth. and it's going to be tax rates that the republicans might just vote present. some might vote present. some might vote aye and deal with the rates next year is. that just pure press speculation or is there anything to it? >> look, those are all press stories that are out there. we're trying to solve a problem. because if that came to fruition, that does nothing to solve the problem. and we just have an unbelievable amount of growth in government where we have to control the spending. if we want to truly save medicare and social security, we've got to do something about it. that's what republicans have been proposing all along. we want to solve a problem once and for all. and that's why we haven't waited -- it's in
we do not want to go off the fiscal cliff. that's why we quickly responded to another proposal to the president. but the president refused to have a discussion. >> there's other reports that say republicans are looking for a fallback position, if he can't get the capps on deductions for more tax revenues and so forth. and it's going to be tax rates that the republicans might just vote present. some might vote present. some might vote aye and deal with the rates next year is. that just...
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Dec 4, 2012
12/12
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that's really what the crux of this fiscal cliff negotiation -- what these fiscal cliff negotiations are all about. they're about fairness. when the president and congressional democrats talk about the need for balanced approach, to deficit reduction and dealing with the fiscal cliff, we're talking about fairness. we're talking about making sure that if you work hard and play by the rules everyone has a chance to succeed. that the middle class needs certainly tight right now. speaker pelosi and my colleague congressman tim walls, filed a discharge petition today to take the bill that we have, that has already passed the senate, that grants certainty to the middle class, to take that bill up and make sure that we can extend the middle class tax breaks before the holidays where we can give -- that's what everyone agrees on. i don't know any republican or democrat that thinks we should let those tax rates -- tax cuts for the middle class expire. so we should pass that now. and then on the things that we're having more trouble agreeing on, we should sit down at the table. the one thing i
that's really what the crux of this fiscal cliff negotiation -- what these fiscal cliff negotiations are all about. they're about fairness. when the president and congressional democrats talk about the need for balanced approach, to deficit reduction and dealing with the fiscal cliff, we're talking about fairness. we're talking about making sure that if you work hard and play by the rules everyone has a chance to succeed. that the middle class needs certainly tight right now. speaker pelosi and...
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Nov 30, 2012
11/12
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frankly, going over the fiscal cliff is a win for the president. so either way we're going to get it. >> but i don't see why that's true because -- first of all, the president has talked around what kind of cuts he wants to do in nondefense discretionary and about a third of a trillion dollars in ten years of entitlements. he's talked along those lines. if he doesn't give you a definition and details by the time you go to vote, obviously you won't vote for it. what's your risk? he's got to get in the pot, too, with his part of the deal well before the end of the year. >> yeah, i think he wins by playing the political game because -- >> what game? >> you've met -- well, the setting up -- saying that we have to take a tax vote before he's even willing to discuss anything else. >> you said he wants to vote on that without the package being prepared. >> well, that's right. he wants us -- he said that the other day, that he wants us to take that tax vote to prove our sincerity. well, i'll tell you what. if he comes with a big package that does raise rev
frankly, going over the fiscal cliff is a win for the president. so either way we're going to get it. >> but i don't see why that's true because -- first of all, the president has talked around what kind of cuts he wants to do in nondefense discretionary and about a third of a trillion dollars in ten years of entitlements. he's talked along those lines. if he doesn't give you a definition and details by the time you go to vote, obviously you won't vote for it. what's your risk? he's got...
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Nov 30, 2012
11/12
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president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every 15 minutes. lauren simonetti. washington is playing politics over the fiscal cliff. we are near session lows right now. >> 11 points away from session lows. the dow is clinging onto that level right now. consumer discretionary is your best performing sector this month. it is lower today, as is technology. the s&p 500 trying to hang onto a monthly gain. not sure if we can do it. certainly higher for the week and nasdaq higher for the both of them. a two-day chart of yelled is really interesting. they expect fourth-quarter sales in china to decline. lo
president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every...
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Dec 6, 2012
12/12
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this fiscal cliff is the result of the last fiscal cliff. >> bill: that put a date on there. >> yeah. >> bill: may extend the date that's what i think is going to happen. >> my hope is is that we can avoid the bad stuff. then we have to deal with the 16 trillion-dollar debt that $1 trillion a year in deficit spending. we have to solve that. that thing is not going to solve itself. >> bill: doesn't feel like the president feels the urgency that you feel. you are one of the leaders of the republican party whether you want to be or not. there you are. so you find yourself now trying to get the republican party reorganized and back into the populist column. ain't going to be easy for you, senator. because you have got to be the senator from florida and at the same time try to resurrect this party. >> well, it's -- but i think the people of florida have the same ax sights as the people of our country. i'm informed by my own background and my own experience in life my parents worked in the service industry. and, yet, they were able to afford to buy a house they never gave us everything we w
this fiscal cliff is the result of the last fiscal cliff. >> bill: that put a date on there. >> yeah. >> bill: may extend the date that's what i think is going to happen. >> my hope is is that we can avoid the bad stuff. then we have to deal with the 16 trillion-dollar debt that $1 trillion a year in deficit spending. we have to solve that. that thing is not going to solve itself. >> bill: doesn't feel like the president feels the urgency that you feel. you are one...
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Dec 6, 2012
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. >> if is the administration prepared too go over the fiscal cliff. >> absolutely. there is no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthist, remember it's only 2%. >> he did not blink. that is the treasury secretary. do they talk like that? >> it's really unique. this treasury secretary is very loyal to this president, treasury secretaries are, but he is saying essentially that the tax rates going up are essential, that the money is not essential, that the dollar figure is not essential, that the rates going up are essential, and that's just interesting. going over the cliff comes with a lot of -- a lot of things that could affect the economy and the treasury secretary knows that. bill: 10% unemployment. tax rates for everybody going higher. what are you hearing on the house side? among the house republicans, whether or not they are behind the speaker, whether they are pulling away from him, where does that stand do you believe? >> reporter: you know, there are some on the house side that have a lot of concerns ab
. >> if is the administration prepared too go over the fiscal cliff. >> absolutely. there is no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthist, remember it's only 2%. >> he did not blink. that is the treasury secretary. do they talk like that? >> it's really unique. this treasury secretary is very loyal to this president, treasury secretaries are, but he is saying essentially that the tax rates going up are essential,...
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Dec 3, 2012
12/12
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good data on one fis, fiscal cliff fears on the other. if we hit the cliff, is defense done as an investment? we'll find out. >>> plus the latest on why fast food workers are working to unionize and maybe even strike across america. >>> and the scary story about the surge in spooks. how spies apparently are everywhere now, mandy. >> and you wouldn't even know. >>> let's load you up on some vital stats. firstly, december is historically the best performing month of the year but today the dow and s&p are down for the first time in four days. dow was up 61 points before the disappointing ism data at 10:00 a.m. this morning. it has never recovered. s&p is flirting with a three-week high even though it is slightly lower. nasdaq touched a one-month high earlier on. >>> never doubt the power of of the american consumer is what we always say here on "street signs." holiday shopping season is in full swing and that, my good people, has propelled the s&p retail next to a record high early again today, though as we speak it is slightly lower. let's
good data on one fis, fiscal cliff fears on the other. if we hit the cliff, is defense done as an investment? we'll find out. >>> plus the latest on why fast food workers are working to unionize and maybe even strike across america. >>> and the scary story about the surge in spooks. how spies apparently are everywhere now, mandy. >> and you wouldn't even know. >>> let's load you up on some vital stats. firstly, december is historically the best performing month...
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. >> the administration, are they prepared to go over the fiscal cliff. >> absolutely. >> fiscal cliff negotiations in washington, still up in the air. most lawmakers have gone home for a long weekend. >> i'll be here and i'll be available at any moment to sit down with the president if he gets serious about solving this problem. >> the duchess of cambridge has left hospital. there for morning sickness. >> how are you feeling this morning, kate? >> as of today, possession of small amounts of marijuana is legal in the state of washington. >>> now the 55th annual grammy awards revealed. the top contender, kanye west and jay-z. >> he's got it. kobe bryant. the greatest player in the history of the los angeles lakers. >> all that, ready for your mistake? >> yeah. i'd like to hear it. >> can eating while driving be distracting. >> no! >> and all that matters. >> former senator alan simpson is bringing his meg aboutssage about the national debt to a new generation. >> gangnam style. >> on cbs "this morning." >> the star? a toddler and tiaras earning a spot on barbara walters list of the 20 m
. >> the administration, are they prepared to go over the fiscal cliff. >> absolutely. >> fiscal cliff negotiations in washington, still up in the air. most lawmakers have gone home for a long weekend. >> i'll be here and i'll be available at any moment to sit down with the president if he gets serious about solving this problem. >> the duchess of cambridge has left hospital. there for morning sickness. >> how are you feeling this morning, kate? >> as...
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Dec 4, 2012
12/12
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in a new interview president obama says a deal to avoid the so-called fiscal cliff is still possible but not without higher taxes for the wealthy. the president sat down with bloomberg for his first tv interview since the election and the fiscal cliff face off. he reiterated that lying in the sand is higher taxes for the wealthy. he gave republicans some room to maneuver. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlemented ientitlements i'm prepared to make, we have to see the rates on the top 2% go up. we're not getting a deal without it. understand the reason for that. it's not me being stubborn or partisan, it's a matter of math. >> and the gop plan, which was unveiled yesterday, includes $800 bill onin new taxes made through closing loopholes and deductions and not raising rates. compare that to the president's plan and that's about half of what the white house asked for. republicans propose 600 billion in entitle
in a new interview president obama says a deal to avoid the so-called fiscal cliff is still possible but not without higher taxes for the wealthy. the president sat down with bloomberg for his first tv interview since the election and the fiscal cliff face off. he reiterated that lying in the sand is higher taxes for the wealthy. he gave republicans some room to maneuver. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient...
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Dec 1, 2012
12/12
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i think this brinksmanship about the budget and the fiscal cliff is all just fine. i don't want to go over the cliff. >> does the president want to go over? we got to listen to all the republicans and the conservative media today are saying president obama wants to go over the fiscal cliff because then taxes go up across the board. >> which is not what the president wants, but there's a big difference between this fiscal cliff and the full faith and credit of the united states. the american government has never defaulted on its debt. and now there are some, not the majority of republicans but some on the extreme of the republican party and they seem to be in control, who seem to want to default on our debt. that's crazy. if they cannot be entrusted with the full faith and credit of the united states, they should not have that leverage. >> paul, where were the overtures though? where were the overtures with this deal that was presented? i mean, listen, you don't have to be mensa to know delivering a deal like that was going to make mitch mcconnell laugh. where were t
i think this brinksmanship about the budget and the fiscal cliff is all just fine. i don't want to go over the cliff. >> does the president want to go over? we got to listen to all the republicans and the conservative media today are saying president obama wants to go over the fiscal cliff because then taxes go up across the board. >> which is not what the president wants, but there's a big difference between this fiscal cliff and the full faith and credit of the united states. the...
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Dec 5, 2012
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first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are going to come from, guess who, the rich. >> if we can get the leadership on the republican side to take that framework, take knowledge of that reality, then the numbers actually aren't that far apart. >> where are the specifics, where are the discussions? nothing is going on. >> passing middle income tax cut means the end of holding them hostage from tax cuts for the middle -- for the rich. >> i think the next 72 hours are critical. if he sits back and continues to play politics, that will give your answer of where we're going. this
first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are...
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Dec 5, 2012
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short term spending cuts should be part of any fiscal cliff deal. the big news this morning is we're not going over the cliff. they have a bad hand. they're going to end up passing this middle class tax thing if that's the only thing they do. and live to fight another day. you can see the momentum building. not official but you see it. the difficulty for boehner still is passing the extension may be best of the options it is an option that a chunk of his party has said he would reject. the fiscal conservatives criticizing boehner's budget pr proposal. then you had senate republicans watching their backs, rejecting a u.n. treaty that bans discrimination against those with disabilities around the world. senator jim demint said speaker boehner's $800 billion tax hike will destroy american jobs. yes, he said speaker boehner. one party proposes increase in an effort to counter them. the other party's leadership proposes, wait for it, $800 billion in tax increases and then former alaska governor sarah palin blasting boehner's decision to remove some conse
short term spending cuts should be part of any fiscal cliff deal. the big news this morning is we're not going over the cliff. they have a bad hand. they're going to end up passing this middle class tax thing if that's the only thing they do. and live to fight another day. you can see the momentum building. not official but you see it. the difficulty for boehner still is passing the extension may be best of the options it is an option that a chunk of his party has said he would reject. the...
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Dec 5, 2012
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we're talking about fiscal cliff, and we're forgetting about the weak economy in the uk. there are two things that i'm watching. i'm looking at central banks around the world constituent adding physical gold to their coffers to the opportunity of 400 tons. and a new investor class, the etp, investors holding 2600 tons of gold and the fourth largest holder. so when i start watching, if we start reducing those levels, maybe the top is in. by the way, the dollar is closer to the lows than it is to the highs, so keep an eye on the dollar as well. >> okay. it sounds like it's too early to call in your view. let's look at what goldman is cowling for. they're cutting their 3, 6 and 12-month targets. do you agree with those levels where you see it going long term and short term? >> jackie, you know, the numbers we have to watch right now, i don't know if i necessarily agree with those numbers. but the numbers we're looking at right now are the numbers we have covered on this show a few times. it's 1675 to 1672. that's the big support there. if we get through that, we'll see 1600,
we're talking about fiscal cliff, and we're forgetting about the weak economy in the uk. there are two things that i'm watching. i'm looking at central banks around the world constituent adding physical gold to their coffers to the opportunity of 400 tons. and a new investor class, the etp, investors holding 2600 tons of gold and the fourth largest holder. so when i start watching, if we start reducing those levels, maybe the top is in. by the way, the dollar is closer to the lows than it is to...
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Dec 7, 2012
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alisyn: the fiscal cliff in particular. >> we got to the fiscal cliff because you had a bunch of republicans who wanted not to work with this president. now you've got republicans all of a sudden saying they are not going to take tax pledges like grover more question is wants, they are open to revenue enhancement. if they had said that two years ago or one year ago moody's wouldn't have lowered the pwhopbd ratinbond rating of the united states. they've created such uncertainty. alisyn: now that we are at the 11th hour where do you think we are now. >> i know that alan hasn't had a lot of private conversations with republican lawmakers, but take it from somebody who has. >> you don't know. >> these guys feel he will feel stymied, frustrated. they are not in the door. it's not even about compromising, that isn't even the right word. open the door, let's sit down and try to bargain and negotiate. he doesn't do that. alisyn: moving back to what the singer from the fray say. wouldn't it help for the president to invite the republicans instead of this adversarial conference room table, why not go
alisyn: the fiscal cliff in particular. >> we got to the fiscal cliff because you had a bunch of republicans who wanted not to work with this president. now you've got republicans all of a sudden saying they are not going to take tax pledges like grover more question is wants, they are open to revenue enhancement. if they had said that two years ago or one year ago moody's wouldn't have lowered the pwhopbd ratinbond rating of the united states. they've created such uncertainty. alisyn:...
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Dec 6, 2012
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i think we're getting somewhere with this fiscal cliff problem. number one, smart conservatives now say the republicans would face hell if they let this country go over the fiscal cliff. just to protect the top 2%. better to take the hit now, they argued, than in january with the world economy in turmoil and second recession coming. number two, john boehner, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more. number three, there's talk for the republican leaders that they could vote to continue the tax cuts for the 98% now and therefore avoid the fiscal cliff and put off for now the top 2%. and the question then, let the debt ceiling not take effect. a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but
i think we're getting somewhere with this fiscal cliff problem. number one, smart conservatives now say the republicans would face hell if they let this country go over the fiscal cliff. just to protect the top 2%. better to take the hit now, they argued, than in january with the world economy in turmoil and second recession coming. number two, john boehner, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more....
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should we stet the job on the fiscal cliff? >> i could not agree more. felt verydiscouraged the presidet this been more time c campaning thathe did of the begiing of his campaign. we need to have serious negotiations. we need our leaders, and the president was elected by the people. he needs to sit down now and the leader along with ourleaer, the speaker, and talk seriously about these plans. gerri: small busess, big business. the governor. who is lef for t predent to talk to? >> well, we also founthat the president was out at various bunesses encouraging the electric ted send it to it's about what he wants. and that is not the way that you get a negotiation going, byy talking about this andthe public as he has. he needs to sit down with the leaderof the house and the senate and he needs o be the leader on this. we are not seeing it here, and it's very, very discouraging. gerri: o what you torespondto what nancy pelosi had tosay about hostage-ting today. pretty dramatic comments. th is nncy pelosi. >> the republicans are sayg that rather than pasing that
should we stet the job on the fiscal cliff? >> i could not agree more. felt verydiscouraged the presidet this been more time c campaning thathe did of the begiing of his campaign. we need to have serious negotiations. we need our leaders, and the president was elected by the people. he needs to sit down now and the leader along with ourleaer, the speaker, and talk seriously about these plans. gerri: small busess, big business. the governor. who is lef for t predent to talk to? >>...
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Nov 29, 2012
11/12
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>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal reserve is drunk. while back the fed is distorting the bond work it. dagen: does it make sense that the fed is likely to continue the bond buying into the next year? does that make any sense on the planet? >> well, look, i thought qe1 was absolutely essential. qe2 i understood why we did it. qe3, i do not get it. i think the fed is making a mistake here. they could have achieved the same or even a better objective by following a different policy. this is the path we are on. doctor bernanke is obviously completely preoccupied with the risks of having a depression and he is throwing as much mon
>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal...
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Nov 30, 2012
11/12
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that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to the senate, it went 98-0 against it. no one voted for it. melissa: well, that was kind of a tricky parliamentary issue as well but, i do take issue with one thing, the idea we haven't dealt with entightments. we had two years, a year and a half we debated medicare. we made significant changes in medicare. we just had a campaign which republicans including governor romney time after time after time charged that we had cut $616 billion in spending out of medicare and we reformed the program. we have looking toward new ways t
that is the fiscal cliff. we shouldn't be dealing with other issues that are long term in order to avert the cliff as it were. that is immediate crisis. we have long term situation --. bill: but you know when lawmakers get a little bit of rope, you know, when they get time to think about it and push it off to the next year, it never gets done. this budget proposal, there are many who wonder whether or not even democrats could support it. the last budget that came from the white house went to...
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no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry for the report. >> trying to lay blame for stalled budget talks on republicans, president obama today wratcheted up pressure on boehner. >> nobody wants this done more than me. >> for the first time, plan for massive spending cuts from going over the fiscal cliff warning business executives, the economy could take another hit if republicans decide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicar
no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we...
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the fiscal cliff is coming up. there are different factors that can move this market in the coming days. nicole: what if they just do not get it right or they come up with a plan that is not to anyone's likes on wall street? >> as each day goes on, we are getting little more bits and pieces of information that is leading that it will happen. do i think they will walk away from each other, i think smarter minds will prevail and understand the ramifications of a noncompliant outcome. nicole: all right. thank you so much, as always, for your insight. we have been trending higher. tracy: he did not even realize he quoted a paula abdul song. one step forward, two steps back. nicole: she said you quoted a paula abdul song stated don't even act like you are to young to remember it. we are the same age. ashley: the holiday season just got a little less for the season for ibm. >> merry christmas to you, too. if you work at ibm, the company matching the money that you put in and doing it over and over, they will do it at the
the fiscal cliff is coming up. there are different factors that can move this market in the coming days. nicole: what if they just do not get it right or they come up with a plan that is not to anyone's likes on wall street? >> as each day goes on, we are getting little more bits and pieces of information that is leading that it will happen. do i think they will walk away from each other, i think smarter minds will prevail and understand the ramifications of a noncompliant outcome....
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this fiscal cliff. the republicans, as i mentioned, they are not mounting any kind of response to the charge by the administration. >> not surprising. the republicans have been known for as long time as the stupid party, they are a hot mess, they came out of this elect on the losing end, they have done nothing to try to regroup, this affects every american's life and pocketbook, they still can't get it together with a coherent message based on their core principals, economic freedom, and liberty, if you can't stand for those, and fight for them, they have no business being one of the two major political parties. >> monica is right, the republicans have allowed obama to ccntrol the debate, we have the morale high ground and our plan, obama in 2011 talking about tax reform said we can -- we don't have to raise tax rates, we can lower tax rates by capping deducts. he said that. lou: where is coordinated action and rhetoric from the party? i'm talking about from mayors to governors. >> we have been great wi
this fiscal cliff. the republicans, as i mentioned, they are not mounting any kind of response to the charge by the administration. >> not surprising. the republicans have been known for as long time as the stupid party, they are a hot mess, they came out of this elect on the losing end, they have done nothing to try to regroup, this affects every american's life and pocketbook, they still can't get it together with a coherent message based on their core principals, economic freedom, and...
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in the midst, and we'll talk about the fiscal cliff in a minute, about the midst of the fiscal cliff and who's doing what, this is a huge news story, dropped on capitol hill that seemed to take everybody by surprise. what's the reaction up there. >> reporter: the pieces that are less sprying look at the fact that republicans failed to reclaim majority, that always has an influence on how much power senators think they have if they're among the minority. jim demint said he would not seek another term. at some point there was a plan for him to forecast his future. the timing of doing it right now certainly caught people by surprise. but it also is a point where it tells you that he feels comfortable that the voice of objection on some things has been the seed has been filled here. he's got a mike lee of utah, rand paul of kentucky, who can fill some of the void that he would be leaving. it really is also, perhaps, good news for someone like mitch mcconnell, he can with his own reelections coming up not have the counterweight of jim demint's considerable presence within the chamber. so
in the midst, and we'll talk about the fiscal cliff in a minute, about the midst of the fiscal cliff and who's doing what, this is a huge news story, dropped on capitol hill that seemed to take everybody by surprise. what's the reaction up there. >> reporter: the pieces that are less sprying look at the fact that republicans failed to reclaim majority, that always has an influence on how much power senators think they have if they're among the minority. jim demint said he would not seek...
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Dec 5, 2012
12/12
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take on the gop's fiscal cliff offer. he's right. we are better off stumbling down the slope like drunken fools than the republican offer out there. here to explain that and why a huge part of the talks making major changes to medicare may be totally unnecessary is jonathan cohn and joins us now. jon, i think that's a good place to start is this. itç seems like all of the discussions about medicare, in relation to the fiscal cliff or in general seems to have an ajumpgs a assumption it's a big program and in dire need for cutting and reform but there's a basic myth at work there of the efficiency of medicare. >> yeah. medicare is expensive. why are we going to have the big deficits? mostly because of medicare and medicaid. that's not medicare's fault. it's a very efficient program and run by the government. so it doesn't have a lot of overhead. it has enormous economies of scale and bargain for better rates of doctors and hospitals dictate prices so for what it provides, medicare's very cheap. it's getting expensive over
take on the gop's fiscal cliff offer. he's right. we are better off stumbling down the slope like drunken fools than the republican offer out there. here to explain that and why a huge part of the talks making major changes to medicare may be totally unnecessary is jonathan cohn and joins us now. jon, i think that's a good place to start is this. itç seems like all of the discussions about medicare, in relation to the fiscal cliff or in general seems to have an ajumpgs a assumption it's a big...
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one we're lamely calling the fiscal cliff. the way republicans in congress and the president solved the debt ceiling crisis was to build this cliff, that we're now supposedly dangling off of. they invented this deadline we're up against. the debt ceiling fight was a disaster, and now republicans, surprise, want to have that fight again. "the new york times" reports that one idea bouncing around the right side of the aisle is this. the republicans will extend tax cuts for the middle class, and then when they need to raise the debt ceiling, quote, demand deep concessions on medicare and social security as a price to raise the debt ceiling. one republican senator reportedly called the debt ceiling the line in the stand. the odds are pretty close to zero that we mint a $1 trillion coin in order to pay off some of the debt. but there's striking movement in the direction of changing the rules so we don't ever have to fight over this completely unnecessary issue ever again. remember, this is important. the debt ceiling isn't about in
one we're lamely calling the fiscal cliff. the way republicans in congress and the president solved the debt ceiling crisis was to build this cliff, that we're now supposedly dangling off of. they invented this deadline we're up against. the debt ceiling fight was a disaster, and now republicans, surprise, want to have that fight again. "the new york times" reports that one idea bouncing around the right side of the aisle is this. the republicans will extend tax cuts for the middle...
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Nov 29, 2012
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he says it's not a fiscal cliff, it's more like a fiscal slope. there are some people that occupy the left side of the american political spectrum that would agree with howard dean saying listen, it's really not that big of a deal as deficit hawks are making it out to be. you would disagree, i would guess. >> well, i think howard is disagreeing a little bit, too. i think howard is saying it's time for meaningful deficit reduction. howard's become a deficit hawk. i think howard and i would disagree probably on some of the elements of what constitutes -- >> no, but he's saying it's not a disaster if it happens. >> well, i was going to get to that point. the fiscal cliff itself, howard is right, it's a slope. on day one the economy does not collapse and go into recession. but i worry a lot about the markets. the market reaction to going over the cliff, particularly if we go over the cliff in disarray where there's really no plan. everything's broken down. nobody knows where anybody is. i think that could be pretty ugly in the markets. having said tha
he says it's not a fiscal cliff, it's more like a fiscal slope. there are some people that occupy the left side of the american political spectrum that would agree with howard dean saying listen, it's really not that big of a deal as deficit hawks are making it out to be. you would disagree, i would guess. >> well, i think howard is disagreeing a little bit, too. i think howard is saying it's time for meaningful deficit reduction. howard's become a deficit hawk. i think howard and i would...
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Nov 29, 2012
11/12
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and obviously the fiscal cliff. we'll talk to two men on opposite sides of this, the executive director of stop gambling. i'm going to start with you, terry rich, you obviously run one of the big lotteries in america. you obviously heard what dave said, they don't like it, a tax on the poor, and really it should just be cancelled. >> you know, as he said that, i would just add one word, it is opti optional revenue, people don't have to play. and as lotteries work across the country under great leadership of the governor and legislature, who wouldn't allow, as you say, preying on the poor, it is important that we continue to talk about the lottery. that it is not an investment. i absolutely agree with that. this is a chance to have some entertainment. and in this tough economic times to dream just a little bit. so anybody who is spending too much, we'll say don't play. we don't want you to play, get help, you know somebody who is doing that. every lottery has a website and an address with how to get help. this is dis
and obviously the fiscal cliff. we'll talk to two men on opposite sides of this, the executive director of stop gambling. i'm going to start with you, terry rich, you obviously run one of the big lotteries in america. you obviously heard what dave said, they don't like it, a tax on the poor, and really it should just be cancelled. >> you know, as he said that, i would just add one word, it is opti optional revenue, people don't have to play. and as lotteries work across the country under...
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behind-the-scenes anyway, on the fiscal cliff. the markets are liking it, it is feeling good, and we will get neil's take. >>neil: well, maybe not so fast, because you bend, we bulk and conservatives sending a stern message to the g.o.p. do not do not do not think of hiking taxes. welcome, everyone, i am neil cavuto. today the democrats are gloating. republicans are the ones who are cracking on tax cuts. >>guest: i am glad some reasonable republicans are breaking from the pack. >> congressman cole represented a watershed, we are happy with any rationale that helps republicans accept de-coupling of the bush tax cuts. they seat handwriting on the wall. >>neil: chuck could be happy but conservatives not and they are warning republicans who vote to hike should take a hike. chairman of "for america" said in a letter he will make it his mission to ensure every conservative donor gives not one penny to the republican party or any member of congress. that votes for tax increase. and senator demint echoing that warning lawmakers could face
behind-the-scenes anyway, on the fiscal cliff. the markets are liking it, it is feeling good, and we will get neil's take. >>neil: well, maybe not so fast, because you bend, we bulk and conservatives sending a stern message to the g.o.p. do not do not do not think of hiking taxes. welcome, everyone, i am neil cavuto. today the democrats are gloating. republicans are the ones who are cracking on tax cuts. >>guest: i am glad some reasonable republicans are breaking from the pack....
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Dec 6, 2012
12/12
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president obama saying now a deal to avoid the so-called fiscal cliff could be about a week away. there is just one catch. he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not that tough. but we need that conceptual break through that says we need to do a balanced plan. >> we made a good faith offer to avert the fiscal crisis and that offer included significant spending cuts reforms and it included additional revenue. and frankly, it was a balanced approach mr. president has been asking for. now we need a response from the white house. >> they have 27 days to prevent automatic tax hikes and spending cuts from kicking in on new year's day. ed henry live at the white house for us. ed, we are hearing the president and house speaker john boehner actually talked by phone no
president obama saying now a deal to avoid the so-called fiscal cliff could be about a week away. there is just one catch. he says republicans have to accept the, quote: reality as he puts it that tax rates are going up for the richest americans. something g.o.p. leaders are calling a deal breaker. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. we can probably solve this. it's not...